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Bullboard - Stock Discussion Forum Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.

TSX:FIRE - Post Discussion

Supreme Cannabis Company Inc. (The) > Time for a refreshed opinion Beena!!
View:
Post by theTransporter on May 17, 2021 6:24pm

Time for a refreshed opinion Beena!!

They should ask for a refreshed opinion based on today's stock price of Canopy and see of its fair!  Price is in the gutter compared to what it was on April 7. These morons think shareholders will vote yes?? Big f.cking NO on my ballot!!!

The Transaction was approved by the board of directors of Supreme and Supreme’s board of directors recommends that Supreme Shareholders vote in favour of the Transaction. Each of BMO Capital Markets and Hyperion Capital provided the Supreme board of directors with an opinion, each dated April 7, 2021, to the effect that, as of the date of such opinion, the consideration payable pursuant to the Transaction is fair, from a financial point of view, to the Supreme Shareholders, in each case, based upon and subject to the respective assumptions, limitations, qualifications and other matters set forth in such opinions

Comment by vulcan123456789 on May 17, 2021 6:36pm
it will be a no from me as well trans... although i only have one share left... got into tilray and curaleaf. much better prospects there.. didnt know if i wanted canopy.. dont want supreme now regardless of vote...unless beena left... jmho cheers
Comment by 541house on May 17, 2021 8:59pm
hey is WEED down 10 dollars since they bought FIRE? Whats going on ? I thought this was a match made in heaven.
Comment by OptGreen on May 17, 2021 9:25pm
I am not happy to hear your pain vulc, but there could be issues as LaBrier voted against it I believe and we need to know the reasoning behind that position, now it may not be anything but we need to know that. Beena is not the driver here, she was brought in but we need to be clear on everything between now and the vote...almost 800mil share count cuts our stake in half...there was a lot of ...more  
Comment by WealthBuilder99 on May 17, 2021 9:38pm
Where do you see LaBrier voted against?
Comment by OptGreen on May 17, 2021 10:28pm
I think we need to hear from Mr Brier, in his own words, on the reasoning for his vote against the deal...now maybe there is no issue but we should at least have a statement as to his reasons for why he was against the deal. It took a many months of big trading and we end up with just south of 800mil SO? There was a lot of money made or at least changing hands and we need to have that all clear ...more  
Comment by Phonse47 on May 17, 2021 11:29pm
Why do,you believe La Brier is voting NO?
Comment by Phonse47 on May 17, 2021 11:41pm
Asked and answered . I should have read ahead. 
Comment by 541house on May 18, 2021 9:57am
Opt . For Labrier it will be a ego thing, he doesn't like to be pushed around and wants total control! I've worked on projects with him before
Comment by Greenman519 on May 17, 2021 9:46pm
Of course BMO CAPITAL MARKETS is going to reccomend it... they have been involed in all the recent raises...  they likely helped drive the SP down to damn near 4 year lows before buying up a couple hundred million shares and warrants. Supreme created enough new shares through these deals that they have no worries of failing to meet the 66 2/3rds vote required.  ( February 19, 2021 ) ...more  
Comment by vulcan123456789 on May 17, 2021 10:27pm
you have that right greenman.. with the end of lockdowns and covid restrictions.. new products new stores.. we were good on our own.. we didnt need these cash raises.... appears there was no need and no direction where this money was going...... im fine opt.. got out with profit.. not what i wanted at all.. was not going to hold and watch it disappear by the day.. got into some other good stocks ...more  
Comment by OptGreen on May 17, 2021 11:24pm
Don't be disillusioned vulc, we had to wait for the info before anything can be determined and this still does not mean that there is even smoke let alone fire here or anywhere else with this deal for that matter. But this is the time to be going over the docs/ info. It doesn't matter whether we are happy moving on or not, we need to move on clear of mind that we have the facts and ...more